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Caris Life Sciences discloses rise in revenue in US IPO filing

- 5/23/2025

</head><body><p>(Reuters) -Biotech company Caris Life Sciences filed its paperwork to go public in the U.S. on Friday as the stock market shows signs of recovery after tariff shocks. </p><p>Irving, Texas-based firm reported a revenue rise to $412.3 million in 2024 compared with $306.1 million in 2023, according to the regulatory filing. </p><p>Activity in the U.S. IPO market had declined after a strong start in 2025 due to an ever-evolving tariff environment, geopolitical uncertainty and inflationary pressures.</p><p>However, companies in sectors perceived as less sensitive to economic headwinds are pushing ahead with their initial public offerings.</p><p>The company's stock will trade on Nasdaq Global Select Market under the symbol "CAI."</p><p>BofA Securities, J.P.Morgan, Goldman Sachs and Citigroup are the lead underwriters for the offering. </p><p>Founded in 2008, Caris is a precision medicine company that provides uses molecular profiling, AI and data analysis to analyze and guide treatments, therapy and drug development for a disease. </p><p>Healthcare IPOs on U.S. exchanges have fetched $7.1 billion in 2024, compared with $2.8 billion a year ago, according to the data compiled by LSEG.</p><p> (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Mohammed Safi Shamsi)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/mh/news-article-detail.aspx?id=155564'>NJ AG investigating after Fort Lee police shoot woman in ‘mental health crisis’</a></p> <p><a href='/mh/news-article-detail.aspx?id=155555'>How understaffing, mental health failures led to ‘mounting crisis’ in Richland County jail</a></p> <p><a href='/mh/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div> <!-- FOOTER --> <footer class="footer"> <!-- FOOTER INFO --> <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care for Mental/Behavioral Health is an online information portal for individuals, families and social service agencies concerned with community mental health services, substance use treatment programs and help for people with developmental disabilities.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; 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